Citi Group SVP Senior Market Risk Manager - C14 Hybrid 

United States, New York, New York 

159995395

This position also provides an excellent opportunity for a market risk manager to help lead on FRTB Boundary work stream, one of Citi’s important regulatory directives and its implementation will constitute a highly visible and enterprise level project. The successful candidate will have strong understanding about bank wide regulatory requirements. Prior FRTB experience is highly desired. Familiar with data requirements and architecture supporting banking and /or broker dealer activities / products. Key elements of the role will include working with multiple stakeholders across the firm (Business, IT, Risk Reporting, Finance, Operations) and external vendors to ensure that milestones are met. Update and design policies and procedures to comply with FRTB boundary regulation and market best practices.

Responsibilities:

• Support Senior Market Risk Manager to lead FRTB Boundary work stream, responsible for critical deliverables involving complex FRTB Trading Book Boundary interpretation and implementation. This is a subject matter expert level role where the job responsibilities range from leading the firm’s FRTB Boundary domain experts, interpreting the evolving regulatory standards, to performing gap analysis, writing technical specifications, and managing end-to-end project implementation.
• Lead Basel Ex-post Quarterly reviews and drive the transition from Basel 2.5 to FRTB-compliant processes. Manage ad-hoc queries around Trading Book/Banking Book Boundary.
• Working with each trading desk to ensure that all relevant market risk factors are properly identified and formally captured in official risk systems.
• Oversee risk exposure measurement and limit monitoring processes to ensure integrity and appropriate independence of reporting.
• Proactively flag key risks and developments to senior management.
• Participate in the development of business-level stress testing that properly considers risk concentrations by single issuer, risk rating, sector/industry and geography; review results and assess appropriate follow-up actions.
• Participate in the ongoing development, implementation and upgrade of risk systems including CRMR/VaR, CRMR/Issuer risk, Limit Central/Volcker, Limit Central/issuer risk.
• Small tasks/projects which constitute direct integration with trading businesses and market in general, a fantastic learning opportunity for credit market and products.

Qualifications:

• 6+ years’ experience, ideally in a major bank or broker dealer, and / or experience working in a consulting or technology firm supporting such businesses.
• Excellent project management and organizational skills and capability to handle multiple projects at one time. Able to work in a fast-paced environment and assumes full responsibility for tasks and project work.
• Ability to communicate effectively with internal stakeholders from different functions and at all levels of management. Ability to both work collaboratively and autonomously; ability to navigate a complex organization.
• High attention to detail and accuracy.
• A self-starter with a reasonable level of ambition and drive. Flexible, innovative, and adaptive.
• Knowledge of financial instruments and risk metrics.
• Proficient in MS Office applications (Excel/VBA, Word, PowerPoint). Programming and/or database management experience is preferred but not required.

Education:

• Bachelor’s/University degree, Master’s degree preferred
• Field of study in Finance or Engineering preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

Anticipated Posting Close Date:

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